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UWM touts aggressive pricing promotion as key to future

UWM touts aggressive pricing promotion as key to future

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UWM touts aggressive pricing promotion as key to future
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UWM touts aggressive pricing promotion as key to future
UWM touts aggressive pricing promotion as key to future
UWM touts aggressive pricing promotion as key to future
UWM touts aggressive pricing promotion as key to future
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
An aggressive pricing strategy at United Wholesale Mortgage will sharply drive down gain on sale margins in the current quarter and possibly longer, but management is thinking more about the long-term business this should bring.Even without Game On, the latest pricing promotion's effect on future revenue, second quarter net earnings at parent UWM Holdings dropped 53% from the previous quarter, but were up more than 55% from one year prior.While originations shrunk to $29.9 billion in the most r...
An aggressive pricing strategy at United Wholesale Mortgage will sharply drive down gain on sale margins in the current quarter and possibly longer, but management is thinking more about the long-term business this should bring.Even without Game On, the latest pricing promotion's effect on future revenue, second quarter net earnings at parent UWM Holdings dropped 53% from the previous quarter, but were up more than 55% from one year prior.While originations shrunk to $29.9 billion in the most r...
UWM touts Q1 servicing win amid origination decline
UWM touts Q1 servicing win amid origination decline
UWM touts Q1 servicing win amid origination decline
UWM touts Q1 servicing win amid origination decline
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
The company earned $453.3 million, inclusive of a $172 million increase in the fair value of its mortgage servicing rights, but future originations and revenue are expected to decline while it plans to continue challenging market rivals on pricing.
The company earned $453.3 million, inclusive of a $172 million increase in the fair value of its mortgage servicing rights, but future originations and revenue are expected to decline while it plans to continue challenging market rivals on pricing.
Investors Nervous as Earnings Season Begins
Investors Nervous as Earnings Season Begins
Investors Nervous as Earnings Season Begins
Investors Nervous as Earnings Season Begins
casmoncapital casmoncapital | 2 years ago
Amid rising prices and tightening monetary policy, investors wonder if a broader decline is on the horizon ahead of earnings season. The post Investors Nervous as Earnings Season Begins appeared first on SoFi.
Amid rising prices and tightening monetary policy, investors wonder if a broader decline is on the horizon ahead of earnings season. The post Investors Nervous as Earnings Season Begins appeared first on SoFi.
homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as fi...
homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as fi...
homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as fi...
homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as fi...
housingwire housingwire | 1 year ago
Using the next generation of personalized property intelligence, geniusprice technology from homegenius Real Estate leverages advanced valuation analytics, so agents and brokers can gain a deeper understanding of subject properties and their local real estate markets.Β  The post homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as five minutes appeared first on HousingWire.
Using the next generation of personalized property intelligence, geniusprice technology from homegenius Real Estate leverages advanced valuation analytics, so agents and brokers can gain a deeper understanding of subject properties and their local real estate markets.Β  The post homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as five minutes appeared first on HousingWire.
Freddie Mac earnings rise as other gains offset drop in new business
Freddie Mac earnings rise as other gains offset drop in new business
Freddie Mac earnings rise as other gains offset drop in new business
Freddie Mac earnings rise as other gains offset drop in new business
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'All eyes' on interest rates as banks prepare to report earnings
'All eyes' on interest rates as banks prepare to report earnings
'All eyes' on interest rates as banks prepare to report earnings
'All eyes' on interest rates as banks prepare to report earnings
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Community banks’ second-quarter results are expected to show increased interest income and profits as the impact of aggressive Federal Reserve rate hikes becomes evident. But it's not all good news β€”Β as rates climb further, depositors will begin to demand higher interest payments as well, eventually driving up banks’ costs.This would come on top of already rising operational and staffing expenses amid a surge in inflation this year. Federal data shows inflation hit a 40-year high in May....
Community banks’ second-quarter results are expected to show increased interest income and profits as the impact of aggressive Federal Reserve rate hikes becomes evident. But it's not all good news β€”Β as rates climb further, depositors will begin to demand higher interest payments as well, eventually driving up banks’ costs.This would come on top of already rising operational and staffing expenses amid a surge in inflation this year. Federal data shows inflation hit a 40-year high in May....
As business gets tough, go β€œBack to the Future”
As business gets tough, go β€œBack to the Future”
As business gets tough, go β€œBack to the Future”
As business gets tough, go β€œBack to the Future”
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
AmeriCantaro - stock.adobe.com Fans of the movie, Back to the Future, will remember the joyful moment when Marty McFly, who travels from 1985 to 1955 and back again, realizes that he’s saved his beloved Doc’s life. With the advantages of hindsight and foresight, Marty warns Doc that in 30 years, terrorists will gun him down. Doc heeds his words, purchases a bulletproof vest, and survives. Marty’s decades of additional life experience help him keep his treasured friend.After having l...
AmeriCantaro - stock.adobe.com Fans of the movie, Back to the Future, will remember the joyful moment when Marty McFly, who travels from 1985 to 1955 and back again, realizes that he’s saved his beloved Doc’s life. With the advantages of hindsight and foresight, Marty warns Doc that in 30 years, terrorists will gun him down. Doc heeds his words, purchases a bulletproof vest, and survives. Marty’s decades of additional life experience help him keep his treasured friend.After having l...
UWM's latest promo slashes pricing by 50 to 100 bps
UWM's latest promo slashes pricing by 50 to 100 bps
UWM's latest promo slashes pricing by 50 to 100 bps
UWM's latest promo slashes pricing by 50 to 100 bps
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
United Wholesale Mortgage's new Game On pricing promotion expands on its Compete & Beat offering by deeply slashing rates at a time the industry is hurting for volume.Game On makes a 0.5 percentage point to 1 percentage point cut across all product types UWM offers."This strategic pricing move is two-fold; it takes the guesswork out of where a broker should place a loan and accelerates retail loan officers joining the wholesale channel as it further extends independent mortgage brokers' advanta...
United Wholesale Mortgage's new Game On pricing promotion expands on its Compete & Beat offering by deeply slashing rates at a time the industry is hurting for volume.Game On makes a 0.5 percentage point to 1 percentage point cut across all product types UWM offers."This strategic pricing move is two-fold; it takes the guesswork out of where a broker should place a loan and accelerates retail loan officers joining the wholesale channel as it further extends independent mortgage brokers' advanta...
HomeStreet’s earnings come up short as it shifts gears
HomeStreet’s earnings come up short as it shifts gears
HomeStreet’s earnings come up short as it shifts gears
HomeStreet’s earnings come up short as it shifts gears
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
HomeStreet Bank generated second quarter earnings that fell just short of matching its results in the prior fiscal period as it reduced single-family expenses and expanded other business lines.The Seattle-based company earned $17.7 million during the fiscal period, down from $20 million in the first quarter and $29.2 million a year earlier. Despite adverse impacts to the single-family lending from higher rates, strong overall loan portfolio growth of 15% contributed to 4% growth in revenue over...
HomeStreet Bank generated second quarter earnings that fell just short of matching its results in the prior fiscal period as it reduced single-family expenses and expanded other business lines.The Seattle-based company earned $17.7 million during the fiscal period, down from $20 million in the first quarter and $29.2 million a year earlier. Despite adverse impacts to the single-family lending from higher rates, strong overall loan portfolio growth of 15% contributed to 4% growth in revenue over...
UWM unveils alternative to traditional lender title process
UWM unveils alternative to traditional lender title process
UWM unveils alternative to traditional lender title process
UWM unveils alternative to traditional lender title process
housingwire housingwire | 1 year ago
UWM CEO Mat Ishbia announced three initiatives for brokers at AIME Fuse on Saturday. The most impactful may be an alternative to the traditional lender title process, called TRAC. The post UWM unveils alternative to traditional lender title process appeared first on HousingWire.
UWM CEO Mat Ishbia announced three initiatives for brokers at AIME Fuse on Saturday. The most impactful may be an alternative to the traditional lender title process, called TRAC. The post UWM unveils alternative to traditional lender title process appeared first on HousingWire.